Extra Repayment Calculator

Find our how much you can reduce your loan term and save with Virtus Mortgage Broking Services' Extra Repayment Calculator.

Making extra repayments on your loan can reduce your loan term and save you money on interest.

With Virtus Mortgage Broking Services’ Extra Repayment Calculator, you can easily calculate the impact of making extra repayments on your loan and see how much you can save.

Virtus Extra Repayment Calculator

Virtus Mortgage Broking Services’ Extra Repayment Calculator helps you understand the impact of making extra repayments on your loan.

The calculator provides an estimate of the reduction in your loan term and the interest savings you could achieve by making extra repayments.

Use the calculator to take control of your debt and make a plan for reducing your loan balance.

With so many loan options available, it’s crucial to take the time to find the one that’s right for you.

Loan Repayment FAQ's

What are loan repayments?

Loan repayments refer to the regular payments you make to your lender to pay off the amount you borrowed, along with the interest charged on the loan.

How are loan repayments calculated?

Loan repayments are calculated based on the loan amount, interest rate, and loan term.

A higher loan amount, higher interest rate, or longer loan term will result in higher loan repayments.

What factors affect loan repayments?

The loan amount, interest rate, and loan term are the primary factors that affect loan repayments.

A higher loan amount, higher interest rate, or longer loan term will result in higher loan repayments.

Book your complimentary consultation today and find out how we can help you find the right loan for you.

What is the Extra Repayment Calculator?

The Extra Repayment Calculator is a tool that helps you estimate the impact of making extra repayments on your loan.

How do I use the Extra Loan Repayment Calculator?

To use the calculator, simply enter your loan information, including the loan amount, interest rate, and repayment frequency.

Then, enter the amount of the extra repayments you plan to make.

The calculator will then provide an estimate of the reduction in your loan term and the interest savings you could achieve.

Can I use the Extra Repayment Calculator for multiple loans?

Yes, you can use the Extra Loan Repayment Calculator for multiple loans by using the calculator multiple times and adding up the estimates.

Can I compare different extra repayment scenarios using the Extra Repayment Calculator?

Yes, you can compare different extra repayment scenarios by using the Extra Loan Repayment Calculator multiple times with different inputs (e.g. different extra repayment amounts, frequency, etc.).

This can help you find the best plan for reducing your loan balance.

How does the Extra Repayment Calculator help me manage my debt?

The Extra Repayment Calculator provides an estimate of the reduction in your loan term and the interest savings you could achieve by making extra repayments.

It can help you make informed decisions about managing your debt.

How accurate is the Extra Repayment Calculator?

The Extra Loan Repayment Calculator provides an estimate based on the information you provide.

It is not a guarantee of the actual impact of making extra repayments on your loan.

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Emma Neylon

01:15 22 Nov 23

Great communication & easy to deal with! 5 stars!

shari hope

06:35 14 Nov 23

We could not recommend Travis and the team at Virtus higher.Travis helped us secure bridging finance and went above and beyond to achieve a positive result, under very tight time constraints. His knowledge, experience and communication were of the highest standard and we would not hesitate in recommending Travis and the team at Virtus to anyone looking for mortgage broker services. Thank you, Travis, for the high level of professionalism and service shown to us while helping us secure our dream home. Warmest regards, Alastair and Shari.

Stephen Mckenzie

04:33 29 Oct 23

Travis has been extremely helpful. The communication and support has made the process seamless.

Jack Thornton

05:10 24 Oct 23

10/10 service, Travis really knows what he is doing, many thanks to the team there can’t rate them highly enough.

Lynda Muir

23:17 16 Oct 23

Sacha was recommended to me, and I am so grateful.Sacha helped me purchase my property when the banks said no. She worked to find a bank that would make it all happen, provided ongoing communication keeping me up to date on the process, very professional, honest, friendly, and easy to talk. No request was ever too much.I wouldn't hesitate to use Sacha again in the future or recommend it to family and friends.Thank you, Sacha 😊

Byron Ward

00:59 10 Oct 23

Travis and his team are amazing! We have now used Virtus Mortgage Broking Services three times over the years with our mortgages and each time the team are beyond helpful. Everything is always explained in detail and no request is ever too hard. They are quick and efficient and keep you informed and up to date throughout the process. Could not recommend this team enough!

Cristina Zanetti

00:18 09 Oct 23

My partner and I have gone through the process of buying our first property, and I couldn't recommend Virtus enough. They guided us through each step as two young first-property buyers and were always available to answer any questions we had. Our finance was assessed and approved quickly thanks to Travis and Sarah bring very prompt, organised and easy to communicate with, and they were always on top of letting us or other relevant parties know exactly what information was needed throughout the application process. Thank you guys so much, you have made this big new chapter of our lives much easier and positive than we could have imagined!

Jordan Marshall

08:58 06 Oct 23

Amazing service, made my life a lot easier.

SusieB & Son

00:39 05 Oct 23

The team has done it again. Cant thank Travis, Sarah, and the team enough. Commuication, throughout the whole process is spot on. Borrowing is made easy with Virtus. The company is getting popular for a reason. I have referred friends and they have come out gleaming with happiness also. Will always be using virtus for my future investments.Thank you team your service is impeccable.I highly recommend them to anyone, you wont be disappointed.

James Brown

10:00 29 Sep 23

Jackie Wrigglesworth

01:23 25 Sep 23

Informative, knowledgeable prompt service

Mark Tattam

23:18 08 Sep 23

My first time dealing with Travis from Virtus.He was easy do deal with and made the entire processing of finding the best mortgage for our situation as smooth as possible.Would recommend to friends and family.

Natalie Grace

03:58 30 Aug 23

So grateful we found Travis! The mortgage game is tricky to navigate and Travis has been incredible with all his knowledge and diligence. He did all the hard work and found us the best mortgage options alleviating all the stress of that from us. His communication is great and he is so approachable…no question or change to plans was ever an issue. We’ll be sticking with Travis for all of our further mortgage needs without a doubt!

George Corbett

15:00 23 Aug 23

Dealing with Travis and the team at Virtus is second to none,Dealt with the team on two occasions now the professionalism the “I got you attitude” giving you the confidence that you think you don’t have is a Breathe of fresh air giving you great options and finding the best Banks to fit your needs and budget.Travis and the team at Virtus plays a massive part in my financial decision and my financial network to make things happen.

Ethan Gray

12:08 23 Aug 23

Travis was an awesome help and answered any questions we had with great and easy to follow explanations. He has gone above and beyond to help us purchase our first home. Would highly recommend working with Travis/ Virtus Mortgage Broking Service

Roxy Sproule

03:17 23 Jun 23

Travis and his team went above and beyond to assist our family in securing a mortgage for our family home. Thanks to Travis's expertise and dedication, we obtained a mortgage that exceeded our expectations. He thoroughly understood the challenges faced with self-employment and connected us with a lender who understood this.Travis demonstrated a deep understanding of my husband's self-employment circumstances, providing tailored guidance and flawlessly presenting our financial documents to potential lenders. Throughout the process, Travis and his team maintained excellent communication, promptly addressing our concerns. We highly recommend Travis and his team to anyone seeking a mortgage. Their exceptional service and commitment to finding the best solutions make them the go-to mortgage brokers in the industry. We are grateful to Travis for his invaluable support, making our mortgage journey a success!

Cooper Lower

04:04 13 Jun 23

We recently got on to Travis/Virtus Mortgage Broking services through a great recommendation from a friend and can say that we were overwhelmed with the support from the Virtus team. Travis and his team went above and beyond to ensure we got the best loan options available and we were really impressed with their communication, flexibility and efficiency. We look forward to exploring all future purchasing options through Travis and the team as we are eager to keep expanding in the property space personally and commercially. Thanks again!

Kellie Gollings

03:26 17 May 23

I couldn’t recommend Sacha Harrison & team at Virtus Mortgage Brokering Services highly enough! Sacha has been an absolute power house throughout my loan journey. Super efficient, always quick to call or email with any updates and goes above and beyond with getting what you need across the line! Sacha huge thanks to you - you’ve made this process and easy one to navigate & you’ve made my dream come true! Couldn’t thank you enough! I’ve already passed your number onto several friends and will continue to do so! You won’t be disappointed contacting Sacha & team for brokering services! I’d give you a 10 star rating if I could!Thank you so so much - Kellie Gollings

Lara Fabiani

09:03 27 Nov 22

Virtus Mortgage Broking Services have provided excellent advice & professional service with refinancing our home loans & facilitating a further loan for an investment property. Travis is very thorough & always responsive to the many questions we had throughout the process. Travis went above & beyond to negotiate the best deal with the banks on our behalf as well as ensuring finance approval for our property purchase proceeded in a timely manner. We highly recommend Virtus Mortgage Broking Services & look forward to being long term customers. Marc & Lara Fabiani

chris dowley

00:02 06 Sep 22

Travis and Sarah’s professionalism has been a new and amazing experience for me. The stress of being self employed and applying for a home loan was initially overwhelming until these two guided me through every step of a completely streamline process. I cannot thank VMBS enough for all their patience and hard work????5 stars and highly recommend:)

Billie Davis

01:28 27 Jul 22

Travis and his team have been nothing short of amazing handling our matters; they worked their magic and helped us achieve the best outcome. Each step of the process was made easy and having their support helped us immensely. Thank you again for all that you have done and we look forward to continue working together.

Lisa Mussing

00:30 10 Jun 22

Travis and the team at Virtus Mortgage Broking Services have been second to none. From the first initial phone meeting we knew we had been linked to a broker that we could trust and also understood the vision we have. They made the process so seamless. I highly recommend them to anyone that needs a mortgage broking service.

Kerri Smith

06:37 07 May 22

From my first conversations with Travis, and Sarah, the Virtus Team were there from start to finish in regards to aiding me to purchase my home - making the process easier than anticipated. Thank you to you and your team for navigating the mortgage process for me. I also want to thank you for the little personal touches along the way, from Travis's call to let me know my finance was approved. The answering of my many questions via email or phone, and up to Sarah's final call to congratulation me on settlement. Thank you very much.

Extra Repayment Calculator

Virtus Extra Repayment Calculator

Loan Repayment FAQ's

Keep Learning

Save Thousands with a Home Loan Refinance

Renovations cost when buying a property in Australia

Upfront costs of buying a home

Steps to buying your first property

Find out how Virtus team can help!

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